by Trey Barrineau, USA TODAY

by Trey Barrineau, USA TODAY

Sherri Shepherd will no longer be part of The View -- and Jenny McCarthy is leaving as well.

"It's been seven wonderful years on The View and after careful consideration it is time for me to move on. I am extremely grateful to Barbara Walters and (executive producer) Bill Geddie for giving me the opportunity," Shepherd said in a statement to The Wrap. "I look forward to the business opportunities that lay ahead for me and I am incredibly grateful to my View family and my fans for supporting me on this journey.

ABC confirmed McCarthy's departure in an e-mail to USA TODAY, which included a statement: "The View will be moving in an exciting new direction next season and ABC has made decisions to evolve the show creatively."